All Posts in Category: Medical Billing & Coding

In the last decade we have seen a huge increase in the use of the Internet around the world and now almost every company has an online presence. The dramatic increase in domestic and business users has made the digital world more complex and as a result, security risks have become more common and sophisticated.

Ransomware is a malicious software that encrypts data on a computer in order to extort money from the user before giving access to it. Once a workstation or server is infected, the workstation connects to a control server in the cloud to receive an encryption key that will be used to encrypt the data it will find on its way.

Precision7 Inc. is one of the top medical billing companies in the US, the company has over a decade of cumulative experience in various aspects of the healthcare industry.For those who are interested in buying a new medical billing software system, they most definitely have thought about an online medical billing software solution. All these solutions have grown to be more and more popular since conventional customer server application developed into 100% internet based solutions. Before selecting a complete online billing or practice management solution you have to think of the pros and cons. You are actually choosing a platform that the primary objective of your practice depends on cash flow. In this post we are going to review the pros and cons of web based healthcare billing solutions.

A medical billing company can certainly maximize the performance of your billing method, minimize denials, reduce operating costs, help to increase reimbursements and save significant time which can be devoted to patient care. Such services are high equipped to grab hold of frequently changing billing codes and market requirements.

When it comes to the medical billing, the income of your practice requires you to have the right processes in place. Even if one aspect of this procedure is off, it can greatly affect your revenues. Here are the 7 best signs to determine you have a great medical billing process.

If you are searching ways to boost the performance of your practice, medical billing firms are the best way out for you. There are numerous benefits of hiring medical billing companies that look after your healthcare facility, they not only improve your claims processing time period but additionally perform various other tasks like check on overdue balances ,help enforce compliance, collect the patients data relating to insurance plans and guiding the practice in getting paid for their services.

Health Insurance Portability and Accountability Act is best known for the Privacy Rule, which applies to individual health care info in all forms, whether oral, paper, or electronic. HIPAA was made a rule in 1996, the drafters never considered how future technology would influence the way providers to communicate with their patients. Such as technology progressive, it was essential for Health Insurance Portability and Accountability Act to adjust as well.

Medical billing activities are an important part of a healthcare facility’s daily work. It should always go as planned. However, we all know that medical billing is a complicated procedure, and often things do not go the way you would like them to. This can increase the cost and time of the claim’s filing procedure. There are several steps to take between the first claim submission and final payment posting. In order to ensure your medical billing process is flawless, you need to first know what additional steps might require being taken when things don’t go according to plan. We have put together this list of the medical billing questions every professional should know to in order to do the task successfully.

Medical billing errors:

They are maybe more common than you think, and they could be costing you cash. In reality, thousands of Americans could be overpricing on their medical bills because of common errors. To help save your wallet, you should bring a healthy skepticism to any medical bill you receive by cautiously checking for common errors to make sure you are paying the right amount.

A professional who works with medical office and is in charge of medical billing is called a medical billing specialist. The demand of medical specialists is increasing day by day with the rapid growth of the medical field. Such a specialist uses efficient techniques to make sure the claiming and collection process works smoothly.

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About Precision7

For accurate, reliable Medical Billing and collection solutions for your practice, choose the one firm that more doctors and medical professionals deciding to choose over others, Precision7. We serve a wide range of medical practices with our main focus on Internal Medicine, OBGYN, Gastroenterology and a variety of Pain Management facilities.